EGO vs WPM: Correlation
Measured on weekly returns over the past three years, Eldorado Gold Corporation (EGO) and Wheaton Precious Metals Corp (WPM) carry a correlation of 0.83, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGO and WPM?
On 3 years of weekly data the EGO/WPM correlation comes out at 0.83, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.86) sits close to the 3-year figure. The 5-year figure is 0.80, and annualized covariance runs at 1708.4 %².
WPM is one of the assets that tracks EGO most closely: it ranks #2 out of the 12 assets we track against EGO. Their recent paths diverged sharply: over the last 12 months EGO outperformed by 34.3 percentage points (+98.6% for EGO against +64.3% for WPM).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EGO vs WPM: side by side
| EGO (Eldorado Gold Corporation) | WPM (Wheaton Precious Metals Corp) | |
|---|---|---|
| 1-year return | +98.6% | +64.3% |
| 5-year return | +463.3% | +275.2% |
| Volatility (ann.) | 50.3% | 41.1% |
| Beta vs S&P 500 | 0.73 | 0.82 |
| Max drawdown (3Y) | -44.0% | -37.4% |
| Market cap | $12.5B | $71.8B |
| P/E (trailing) | 16.7 | 34.6 |
| Dividend yield | 0.32% | 0.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGO | WPM |
|---|---|---|
| 2022 | -10.6% | -7.5% |
| 2023 | +55.1% | +27.9% |
| 2024 | +14.6% | +15.2% |
| 2025 | +141.6% | +109.8% |
| 2026 | +34.2% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGO and WPM good diversifiers for each other?
No. With a correlation of 0.83, EGO and WPM move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between EGO and WPM?
As of 2026-08-27, the correlation of weekly returns between EGO and WPM is 0.83 over 3 years, 0.86 over 1 year and 0.80 over 5 years.
Is WPM a good diversifier for EGO?
No. With a correlation of 0.83, EGO and WPM move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 mean?
A reading of 0.83 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ego-vs-wpm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ego-vs-wpm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EGO correlations · WPM correlations
